Background - Practices (Details)
Mergers and Acquisitions
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Crowell & Moring represents clients in the purchase and sale of energy facilities and companies in the U.S. and internationally, including equity and asset transactions, competitive auctions, privatizations and divestitures, and distressed asset dispositions and acquisitions. We also have structured complex joint ventures with various types of legal entities and strategic purposes. These transactions involve utility and non-utility electric generators, including natural gas, coal, oil, hydroelectric, wind, geothermal, solar, bio-mass, and waste-to-energy plants; natural gas pipeline, distribution, processing, and storage facilities; oil terminals and pipelines; LNG terminals and associated facilities; electric transmission lines; and energy trading books, energy data vendors, and energy management systems. Crowell & Moring also represents clients in M&A transactions involving other types of infrastructure facilities, including desalination and water treatment plants.

Our Energy professionals have years of experience navigating energy projects from greenfield to construction to repowering and from construction financing to workout. We are adept at advising strategic buyers and sellers, independent board committees and private equity investors in evaluating energy assets and design transaction and ownership structures to minimize regulatory and tax consequences.

Representative Engagements:

  • Represented an independent power developer in the sale of its 25 percent interest in an 800MW gas-fired generation facility in California. 
  • Represented NRG Yield in acquisitions of 1,355MW of gas, wind, and solar generating facilities.
  • Represented Trans-Elect in the sale of the Path 15 transmission project in California to Atlantic Power for $230 million. 
  • Served as buyer's counsel in the acquisition of two natural gas pipeline systems, including related bridge and capital market financing. Aggregate transaction value of $2.4 billion. 
  • Acted as seller's counsel in the sale of a controlling interest in five Mexican wastewater treatment facilities to a Japanese trading company.